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Is there a rule of thumb for how much debt is acceptable for a startup consulting business?


Asked by dsitton
Posted: Sunday, August 03, 2008  |  Found in Finance & Accounting

More answers by Rosalind Resnick
Answer by Rosalind Resnick
No, there's no rule of thumb that I'm aware of.

However, since most consulting firms require very little capital to launch (a computer, a phone and perhaps a small office if you don't want to work from home) and no employees except for the founder and a few freelancers, there's probably no reason to borrow money, anyway.
Rosalind Resnick is the founder and CEO of Axxess Business Consulting, a New York consulting firm that advises startups and small businesses.
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